Jim Letourneau's Blog

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Bob Knows

Today gives the commodity bulls a test of their conviction. I maintain the big picture for energy remains strong because it is so difficult to bring on new supplies. Bob Bishop who is one of the most respected minds in the metals word. I’m in agreement with Bob.

I see no evidence that the world's demand for resources is grinding to a halt, nor that the industry we're talking about is in any danger of delivering required new supplies of commodities any time soon. The less you buy into my reasoning, the more your portfolio should be reduced. The more apocalyptic your view of the global economy, the less exposure you should have to the resource sector, especially to the base metals side of the business.

Resource Investor - Commentary - Go Big or Go Home.